Photo: George Frey/Getty Images

Walmart is unveiling a grocery delivery subscription service this fall, AP reports.

Why it matters: The big box store is hoping to boost its constituency of time-starved shoppers looking for convenience, and attempting to move strongly into one of the fastest growing e-commerce sectors.

  • Walmart's stock gained nearly 1% on Thursday, having recently touched a record high, as investors have gotten more bullish on the largest U.S. retailer in recent weeks.
  • With more positive trade war headlines helping push the overall market higher, investors are game to buy Walmart's latest challenge to Amazon.

Details:

  • The service will charge an annual membership fee of $98 for subscribers to choose unlimited same-day delivery.
  • That price is $21 less than the cost of Amazon Prime.
  • The grocery services will be fulfilled by local stores and require a minimum order of $30. With same-day delivery, there’s a 4-hour minimum wait time between placing an order and having it delivered, AP reports.

Go deeper: Retailers are getting into the media and advertising businesses

Go deeper

Trump threatens to post "60 Minutes" interview early after reportedly walking out

Trump speaks to reporters aboard Air Force One, Oct. 19. Photo: Mandel Ngan/AFP via Getty Images

President Trump tweeted on Tuesday that he was considering posting his interview with CBS' "60 Minutes" prior to airtime in order to show "what a FAKE and BIASED interview" it was, following reports that he abruptly ended the interview after 45 minutes of taping.

Why it matters: Trump has escalated his war on the media in the final stretch of his re-election campaign, calling a Reuters reporter a "criminal" this week for not reporting on corruption allegations about Hunter Biden and disparaging CNN as "dumb b*stards" for the network's ongoing coronavirus coverage.

McConnell urges White House not to strike stimulus deal before election

Senate Majority Leader Mitch McConnell. Photo: Stefani Reynolds/Getty Images

Senate Majority Leader Mitch McConnell (R-Ky.) has urged White House negotiators not to cut a deal with Democrats on new coronavirus stimulus before the election.

Driving the news: McConnell informed Senate Republicans of the move at a closed-door lunch on Tuesday, two people familiar with his remarks tell Axios. McConnell's remarks were first reported by the Washington Post.

Most arrested in protests are not associated with antifa

Protesters demonstrate as a Salt Lake City police vehicle burns on May 30. Photo: Rick Bowmer/AP

Antifa may be a focus on the right, but it's hard to find in the court system.

Why it matters: Very few of the people charged in this summer's protests and riots appear to be affiliated with highly organized extremist groups, reports AP.

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